Wall Street Traders, Inc. v. Sociedad Espanola de Construccion Naval

FREDERICK van PELT BRYAN, District Judge:

This is a suit in admiralty arising out of a contract for the alteration of the S. S. Glenbrook, a T-2 tanker, to a dry bulk carrier in Spanish yards.

Libelant, Wall Street Traders, Inc. (Traders) is a New York corporation with its principal offices and place of business here. Respondent Sociedad Española de Construcción Naval (Naval) is a Spanish corporation with no place of business in the United States and con-cededly not doing business here. Jurisdiction was obtained by writ of foreign attachment on substantial funds of Naval on deposit with a New…